Welcome to my weekly market wrap. To view the full report click here.
Coming to you from New Plymouth this week, here for the inaugural Junior Sevens Tournament – should be fun. Nothing really new or interesting to add following last weeks report. Auctions are going from strength to strength and listing volumes haven’t changed they are still very low. Feel free to skip and go enjoy your weekend!!
In This Week’s Market Wrap
– Auction Results
– Listings & Stock Availability
Another good week in the Auction rooms by both companies. 9 weeks now of solid results. The combined average over this period is 52%, and for Cooper & Co – 63%!
Harcourts C&C – 65% Clearance Rate (17/26)
Barfoot* – 55% Clearance Rate (6/11)
4 Week Average Per Company
Harcourts C&C – 62% Clearance Rate (41/66)
Barfoot* – 39% Clearance Rate (21/54)
Combined Clearance Rates*
4 week average 52%
This Week 62% (2018 – 27%)
* Harcourts Cooper & Co and B&T In-Room Auctions. * Source: Barfoot website Please note clearance rates are for properties sold under the hammer or post negotiation that day (sales the following day are not included)
Listings & Stock Availability
No real change here, 1299 properties available on realestate.co.nz this morning. Still low and no sign of the Spring influx just yet.
That’s it from me, have an awesome weekend and GO THE ALL BLACKS!!! 🙂